A Private Limited Company offers limited liability and legal protection to its shareholders.
A Private Limited Company offers limited liability and legal protection to its shareholders. A Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
The liability of the members of a Private Limited Company (PLC) is limited to the number of shares held by them. A private Limited company in India can begin with operations after getting the Certificate of Incorporation. A PLC can be incorporated within 15 working days.
Registration of a Pvt Ltd company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now.
Do not miss about filing Form INC 20A once you start your company.
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